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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

South African Rand/ (FOREX:ZARZMW)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_ZARZMW
Open High Low ZARZMW Price Change
0.731665 0.739335 0.731130 0.738335 +0.006670
Entry Signal

MarketClub’s Trade Triangles for ZARZMW

long term down The long term trend has been DOWN since Apr 25th, 2018 at 0.769185

intermediate term up The intermediate term trend has been UP since Sep 18th, 2018 at 0.730860

short term up The short term trend has been UP since Sep 11th, 2018 at 0.682220

Smart Scan Analysis for ZARZMW

Based on a pre-defined weighted trend formula for chart analysis, ZARZMW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for ZARZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.731665 0.739335 0.731130 0.738335 +0.006670
Prev. Close Volume Bid Ask Time
0.731665 0.738100 0.738570 2018-09-19 06:36:06
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